National Bankshares Issues Positive Forecast for Intact Financial (TSE:IFC) Stock Price

Intact Financial (TSE:IFC) had its target price lifted by National Bankshares from C$352.00 to C$358.00 in a report published on Monday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

IFC has been the subject of a number of other research reports. TD Securities dropped their price target on Intact Financial from C$359.00 to C$346.00 in a research report on Wednesday, October 22nd. Jefferies Financial Group upgraded Intact Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from C$316.00 to C$317.00 in a research report on Tuesday, October 21st. Royal Bank Of Canada dropped their price target on Intact Financial from C$329.00 to C$324.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. Scotiabank decreased their price objective on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Finally, Barclays raised Intact Financial to a “strong-buy” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$321.10.

Intact Financial Trading Up 0.4%

Shares of IFC opened at C$263.71 on Monday. The company has a market cap of C$47.03 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.14. The stock has a 50-day moving average price of C$270.04 and a 200-day moving average price of C$290.00. Intact Financial has a 12-month low of C$250.28 and a 12-month high of C$317.35.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.